Businesses can slip into post-maturity:

A business must make decisions about its future when in post-maturity, considering if it wants to:

True or False: Businesses in steady state may not consider themselves as being in the post-maturity stage.

A business continuing to operate as it always has is an indicator of a business in:

A business that does not budget extra funds into marketing is a characteristic of a business in:

When staff numbers are kept stable, this is a characteristic of a business in:

When the owner is reasonably satisfied with the financial performance of the business, this is a characteristic of a business in:

Declining standards in staff performance may be a characteristic of a business in:

Poor management and leadership exercised by the owner may be a characteristic of a business in:

The business not acting competitively in the market may be a characteristic of a business in:

Cash flow issues and failure to pay back debt may arise when a business is in:

True or False: Some businesses choose to decline as the owner no longer wants to run the business, and hence exits the market.

True or False: Some businesses see steady state and decline characteristics within departments, rather than the entire business falling into post-maturity.

True or False: Decisions made within the internal and operating environments of the business can have a significant impact on the decisions a business makes in post-maturity.

A post-mature business may undertake a ____________ analysis in order to assess its position in the market.

True or False: Businesses that want to recover from steady-state or decline in the post-maturity stage may plan for and execute a range of repositioning strategies to strengthen its position in the market.

From an ownership perspective, a business can reposition through a:

When two businesses join to form one new, larger business where features and values of each business are evenly shared

When one business takes over another business and subsumes its finances, people and processes.

There are legal requirements that must be met for mergers and acquisitions; these are monitored by:

True or False: If a business wants to close and exit the market it must complete a wide range of tasks to inform its stakeholders

True or False: If a partnership chooses to dissolve, they must meet the obligations set out in the Partnership Act 1891 (Qld)

Who will oversee the closure of a company which can go into voluntary and involuntary administration if the business is struggling financially?

When the business declares it is financially unstable

When a third party reports the business to ASIC for not paying its debts.

True or False: If a company is insolvent and enters administration, it must sell its assets and use this money to pay back as much debt as possible to financial intermediaries and suppliers

A tool a business can use to analyse and interpret its competitive position in the market and use to inform decision making around steady state and decline outcomes is:

True or False: The ways businesses communicate with stakeholders are key considerations for modern day businesses, as it is important that they control the dialogue about their business.

The range of communication strategies include:

How top-level management communicate with the business’s most important or influential stakeholders such as shareholders is known as:

How businesses notify the local community about changes in the business, including seeking feedback on these changes, is called:

When a business encounters a catastrophe or negative publicity and must handle their messaging to the media and other stakeholders, it is called:

Internal communication between top level management and an organisation’s employees is called:

this term is like corporate affairs, but focuses more on communicating the financial performance of a business.

How a business handles media queries and how it communicates media or press releases to gain public interest, is called:

Communication between a business and the government, including political standpoints and lobbying, is called:

How the business communicates its marketing strategies to customers using unpaid methods to gain media interest is called:

The stage in the business life cycle when a business starts to experience a consistent decline in sales or reduced demand from the market

An outcome of post-maturity where the business may experience minor decline but is able to maintain this level and continue to trade in the market.

In a business context, this occurs when the sales reduce or demand decreases for a business and its products or services.

A strategy where a business attempts to engage with a new or broader target market by offering new products or services, rebranding or updating tactics used in promotion to change how it is perceived in the market.

A process to finalise a business that is closing. It involves selling assets at a discounted or cheap rate to be quickly converted to cash.

The principles a business should abide by in order to maintain positive relationships with stakeholders - handling information sensitively, being moral and satisfying community expectations.

Principles that guide the way an individual or an organisation such as a business acts.